Oilseed Processing Market: Growth Opportunities and Recent Developments

15/gen/2021 13:48:59 MarketsandMarkets Contatta l'autore

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The oilseed processing market is projected to grow at a CAGR of 7.37% from 2016 to 2022, to reach a projected value of USD 344.37 Billion by 2022. The market has become more diversified in recent years due to the increase in number of health conscious consumers that prefer to consume food products with less trans-fat content and is also expected to fuel the market growth of the market.

On the basis of oilseed type, the global market was led by soybean and was followed by rapeseed and sunflower in 2015. Soybean is the leading segment owing to the high demand for animal feed, especially from Asia-Pacific countries, such as India and China, where the livestock population is increasing steadily. The soybean type segment is expected to register the highest growth rate due to the growth in demand for biodiesel derived from soybean feedstock, which in turn results in high growth of the market for processed oilseed products.

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The oilseed processing market, on the basis of process, is segmented into chemical and mechanical. The chemical process segment accounted for the largest market share in 2015. This process ensures maximum extraction of oil content from the seed with minimal residue in meals.

The global market, on the basis of application, is segmented into food, feed, and industrial. The food segment accounted for the largest market share in 2015. Oilseed processed products such as edible oil are used to a large extent in various food products across the globe. Some of the common products derived from oilseeds are protein concentrates, flour, and lecithin.

Asia-Pacific accounted for the largest market share for market in 2015, owing to the increase in demand for various oilseed products such as soybean meal in countries such as India and China. However, Latin America is projected to be the fastest-growing market during the forecast period, due to the high adoption of the upgraded seed technologies in comparison to other regions in order to cater the growing demand for the oilseed processed products.

The major restraining factor for this market is price instability due to the seasonal nature of various crops is the major factor that hampers the market growth of the oilseed processing products. Moreover, limited availability of the oilseeds is expected to restraint the growth of the oilseed processing market globally during the forecast period.

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Archer Daniels Midland Company (U.S.), one of the prominent players in the oilseeds processing market, focuses on expanding its oilseed processing capacity in order to cater to the huge customer base to develop new products. Its core competencies are diverse product portfolios that include biodiesel and industrial oil. In October 2015, the company invested in order to expand the 2.5 million bushels of soybean capacity at the company’s processing plant in Deerfield, Missouri.

Targeted Audience:

  • Manufacturers, importers & exporters, traders, distributors, and suppliers of oilseeds
  • Raw material suppliers
  • Agricultural producers
  •  Government authorities
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